Formula Grant M25MC480208

The City of Galveston received a formula grant award of $267,342.53 from the U.S. Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Home Investment Partnerships Program (CFDA 14.239) on February 4, 2026. The award, with a completion deadline of September 30, 2034, supports the expansion of affordable housing supply for low- and very low-income residents in Galveston, TX. The HOME program provides formula-based funding to eligible state and local governments for a range of housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance programs, acquisition and construction of rental housing, and tenant-based rental assistance.

As a recurring recipient of HOME formula grants dating back to 2021, the City of Galveston utilizes these funds to implement affordable housing strategies outlined in its Consolidated Plans and annual action plans submitted to HUD. The city coordinates housing projects directly or through sub-award arrangements with developers, nonprofit organizations, and community partners to deliver housing solutions that meet federal income targeting and affordability requirements. All HOME-assisted housing must remain affordable to low-income households for specified periods, typically ranging from five to twenty years depending on the activity type and funding contribution level.